PANews reported on June 18 that according to CoinDesk, Renzo, a liquidity re-pledge protocol, announced the completion of a $17 million financing. This round of financing is divided into two parts, the first round was led by Galaxy Ventures, and the second round was led by Brevan Howard Digital Nova Fund. This fund will be used to expand Renzo's re-pledge service, especially to increase support for ERC-20 tokens.
Renzo is a new "re-staking" protocol based on EigenLayer, which uses the ETH staked by users on the Ethereum blockchain to generate income and re-stakes the token ezETH with Renzo's liquidity in return. EigenLayer previously stated that it would accept the ERC-20 token EIGEN for the security of its internal AVS EigenDA, and Renzo's competitor Symbiotic also plans to accept ERC-20 tokens $ENA and $USDe. Lucas Kozinski, a founding contributor of Renzo, pointed out that this trend is expanding to the Bitcoin ecosystem and non-EVM chains.
